Lake Street Advisors Group LLC Has $563,000 Stake in TotalEnergies SE (NYSE:TTE)

Lake Street Advisors Group LLC increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 2.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,595 shares of the company’s stock after acquiring an additional 181 shares during the quarter. Lake Street Advisors Group LLC’s holdings in TotalEnergies were worth $563,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. North Star Investment Management Corp. raised its stake in TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Larson Financial Group LLC increased its stake in TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the period. Pathway Financial Advisers LLC acquired a new position in TotalEnergies in the 1st quarter valued at $29,000. Boit C F David bought a new stake in shares of TotalEnergies during the 3rd quarter valued at $32,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of TotalEnergies during the 3rd quarter worth $32,000. Institutional investors own 13.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TTE. Wolfe Research started coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Barclays raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, TotalEnergies has an average rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Price Performance

TotalEnergies stock opened at $65.02 on Friday. The stock has a 50-day moving average price of $67.41 and a two-hundred day moving average price of $68.98. TotalEnergies SE has a 12 month low of $62.59 and a 12 month high of $74.97. The company has a market capitalization of $153.54 billion, a PE ratio of 7.34, a P/E/G ratio of 2.24 and a beta of 0.63. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The business had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. During the same quarter in the prior year, the business earned $1.99 earnings per share. Analysts expect that TotalEnergies SE will post 8.17 EPS for the current year.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.